EV startup Yulu raises $82 Mn to expand fleet, battery charging infra
Shortpedia
Content Team
Image Credit: Inc42
Electric mobility startup Yulu has raised $82 Mn (INR 653 Cr) in its Series B funding round led by the US-based mobility technology company Magna International Inc. Existing investor-Bajaj Auto Ltd also participated in the funding round. Yulu plans to use the raised capital to fortify its leadership via product and tech innovation. It also plans to expand its EV fleet to 1 Lakh+ EV two-wheelers.
